Procurement Manager

Current

New York, NY

On-site

Who this role is best for

Strong fit for candidates with high-growth tech experience who build procurement processes and collaborate cross-functionally, based in New York, NY.

Best fit for

Candidates with 5+ years in strategic sourcing and vendor management in high-growth tech environments
— “5+ years of experience in strategic sourcing, procurement or vendor management preferably in a high growth technology environment.”
Individuals who can design procurement systems and manage vendor lifecycle strategies
— “Establish vendor life-cycle strategy to oversee planning, sourcing and selection of new vendors.”
Professionals skilled in cross-functional collaboration and contract negotiation
— “Proactively collaborate with internal business partners and stakeholders to facilitate contract negotiations with external vendors and suppliers.”

Things to consider

The role requires on-site presence in NYC, as the office is described as modern and open floor plan.
— “Our modern NYC office with open floor plan, stocked kitchen, and catered lunches”
Compensation is determined during the interview process, which may affect salary expectations.
— “Compensation is determined based on experience, skill level, and qualifications, which are assessed during the interview process.”

How to stand out

Emphasize experience in designing procurement systems and standard vendor protocols.
— “Design and implement a procurement process & tools with appropriate cross functional stakeholder review.”
Highlight your ability to identify and measure financial cost efficiencies.
— “identify key benchmarks to measure contractual arrangements with focus on financial cost efficiencies.”
Showcase your history in managing vendor performance and transitions.
— “manage data for vendor performance and manage vendor off-boarding and transition.”
Demonstrate your capacity to lead cross-functional onboarding processes for third-party vendors.
— “Assist business partners in onboarding new vendors, products or services through the cross functional third-party on-boarding flow.”

Pace · SteadyCollaboration · HighAutonomy · MediumDecision Impact · Team

Derived from job-description analysis by Serendipath's career intelligence engine.

What success looks like

design and implement a procurement process
facilitate contract negotiations
establish vendor life-cycle strategy

Typical background

5+ years of experience in strategic sourcing, procurement or vendor management

Skills & requirements

Required

Contract NegotiationsProcurement Process DesignVendor ManagementCross-functional CollaborationProject Management

Preferred

Financial Cost EfficienciesVendor Performance Management

Stack & domain

Strategic SourcingProcurementVendor ManagementContract NegotiationsProject ManagementCommunicationProblem-solvingTeamworkLeadershipNegotiationFinanceOperationsTechnology

About the role

Original posting from Current

PROCUREMENT MANAGER
Current is a leading consumer fintech platform transforming financial access for everyday Americans with over 6 million members. We provide access to financial solutions that seamlessly work together to solve the needs of our members and enable all Americans to build better financial futures. Based in NYC, our results-driven environment drives us to build better products, grow faster and empower everyone on our team to have an impact on our business and mission to improve financial outcomes.
ABOUT THE ROLE
We are hiring a Procurement Manager on our finance team. As our expert in procurement, you will help Current design and implement a robust procurement process. This manager collaborates across teams, acts as a trusted partner to business owners, and cultivates a culture of accountability and governance.
RESPONSIBILITIES
Proactively collaborate with internal business partners and stakeholders to facilitate contract negotiations with external vendors and suppliers; develop negotiation approaches, fallback positions and acceptable terms and conditions through contract completion and identify key benchmarks to measure contractual arrangements with focus on financial cost efficiencies, understanding of key drivers of spend and areas of risks.
Design and implement a procurement process & tools with appropriate cross functional stakeholder review.
Review existing contracts and understand business requirements; formulate guidelines and design and implement standard vendor contract protocols.
Establish vendor life-cycle strategy to oversee planning, sourcing and selection of new vendors, manage data for vendor performance and manage vendor off-boarding and transition.
Assist business partners in onboarding new vendors, products or services through the cross functional third-party on-boarding flow (e.g., Finance approval, IT approval, legal Approval, etc.).
Establish and maintain effective partnerships with key internal stakeholders aimed at identifying, understanding and fulfilling their requirements.
ABOUT YOU
Proactively work to resolve performance or diligence issues with vendors to ensure effective and timely resolution.
Support other ad hoc projects as needed.
5+ years of experience in strategic sourcing, procurement or vendor management preferably in a high growth technology environment.
Strong communication and project management skills to demonstrate project status, key actions, risks and opportunities.
Bachelor’s degree preferably in Procurement, Supply Chain Management, Business Administration, Commerce, Economics or related field.
Strong understanding of procurement and negotiation techniques.
This role has a base salary range of $145,000 - $180,000. Compensation is determined based on experience, skill level, and qualifications, which are assessed during the interview process. Current offers a competitive total rewards package which includes base salary, equity, and comprehensive benefits.
BENEFITS
Competitive salary
Meaningful equity in the form of stock options
401(k) plan
Discretionary performance bonus program
Biannual performance reviews
Medical, Dental and Vision premiums covered at 100% for you and your dependents
Flexible time off and paid holidays
Generous parental leave policy
Commuter benefits
Fitness benefits
Healthcare and Dependent care FSA benefit
Employee Assistance Programs focused on mental health
Healthcare advocacy program for all employees
Access to mental health apps
Team building activities
Our modern NYC office with open floor plan, stocked kitchen, and catered lunches

Source: Current careers